Bank of America Lowers Grupo Supervielle (NYSE:SUPV) to Underperform

Bank of America downgraded shares of Grupo Supervielle (NYSE:SUPV) from a neutral rating to an underperform rating in a report released on Thursday, September 19th, BenzingaRatingsTable reports. They currently have $2.00 target price on the stock, down from their prior target price of $9.00.

SUPV has been the topic of a number of other reports. Zacks Investment Research raised shares of Grupo Supervielle from a strong sell rating to a hold rating in a research report on Friday, July 26th. Scotiabank assumed coverage on shares of Grupo Supervielle in a research report on Wednesday, August 7th. They set an underperform rating on the stock. ValuEngine downgraded shares of Grupo Supervielle from a sell rating to a strong sell rating in a research report on Monday, August 12th. Finally, Morgan Stanley downgraded shares of Grupo Supervielle from an overweight rating to an underweight rating in a research report on Monday, August 12th. Six investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The company currently has an average rating of Sell and an average price target of $9.80.

SUPV traded down $0.13 on Thursday, reaching $3.19. 814,090 shares of the company traded hands, compared to its average volume of 907,434. The stock’s 50 day moving average price is $3.03 and its 200-day moving average price is $5.57. Grupo Supervielle has a 52-week low of $2.25 and a 52-week high of $11.62. The company has a market cap of $286.81 million, a price-to-earnings ratio of 2.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.95.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.27. Grupo Supervielle had a net margin of 7.41% and a return on equity of 21.30%. The firm had revenue of $225.35 million for the quarter, compared to the consensus estimate of $188.74 million. As a group, equities research analysts forecast that Grupo Supervielle will post 0.88 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in Grupo Supervielle in the second quarter worth approximately $25,000. Pictet Asset Management Ltd. bought a new stake in Grupo Supervielle in the second quarter worth approximately $27,000. Victory Capital Management Inc. bought a new stake in Grupo Supervielle in the first quarter worth approximately $107,000. Keybank National Association OH bought a new stake in Grupo Supervielle in the first quarter worth approximately $107,000. Finally, Fox Run Management L.L.C. bought a new stake in Grupo Supervielle in the second quarter worth approximately $160,000. 18.80% of the stock is owned by institutional investors.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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Analyst Recommendations for Grupo Supervielle (NYSE:SUPV)

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